Village Roadshow Entertainment Group (VREG) has announced it has obtained $275 million of new funding in a six-year mezzanine debt and equity arrangement provided by Trinity Opportunities Limited (Trinity). The facility was arranged by VREG in partnership with Hong Kong-based Shikumen Capital Management (HK) Limited (SCM).
Tags: Akin Gump Strauss Hauer & Feld LLP | Hong Kong
Covington & Burling is bolstering its government contracts practice by adding Susan Cassidy as a partner in its Washington, D.C. office.
Tags: Covington & Burling LLP
Professor Dr Georg Annuss, one of Germany’s leading employment lawyers, will shortly join Linklaters as a partner in its Munich office. He is expected to join Linklaters on 1 August 2012, from the German law firm Noerr.
Tags: Linklaters LLP
On June 27, client Mitsui Sumitomo Insurance Company Limited (MSI) acquired 26 percent of India-based Max New York Life Insurance Company Limited for Rs 27.3 billion (approximately U.S. $475 million). MSI acquired New York Life’s entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | TokyoOn June 27, client Time Warner Cable Inc. closed a £650,000,000 (approximately U.S. $1 billion) registered offering of 5 1/4% notes due 2042. The notes were offered in the United Kingdom. The bookrunning managers for the transaction were Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc. In connection with the notes offering, the company entered into cross-currency swaps to effectively convert its £650 million aggregate principal amount of fixed-rate British pound sterling denominated debt to fixed-rate U.S. dollar denominated debt.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York
Paul Hastings LLP, a leading global law firm, announced today that the firm represented GE Capital as joint lead arranger and sole administrative agent for a $260 million Term Loan B and $225 million ABL revolving credit facility in support of KPS Capital Partners LP’s acquisition of ThyssenKrupp Waupaca, Inc., the largest independent iron foundry in the world, from ThyssenKrupp Budd Company through a newly formed company, Waupaca Foundry Holdings, Inc. RBC Capital Markets and Wells Fargo Capital Finance will also act as lead arrangers for the financing of the acquisition.
Tags: Paul Hastings, LLP | New York
International legal practice Norton Rose South Africa has announced that Charles Ancer, has joined the Johannesburg office as a director in the corporate mergers and acquisitions department.
Tags: Norton Rose Fulbright
We are pleased to welcome Alix Caulfield, one of the finest commercial finance transactional lawyers in the state of Maine, as a new member of Drummond Woodsum’s Banking and Commercial Finance Group. She brings extensive experience to the firm, representing a wide range of financial institution clients in a broad variety of financing transactions, including commercial real estate, construction and financings for operating businesses, financing of mergers and acquisitions and purchase of significant assets by businesses. She has been involved in many significant financing transactions occurring in the state of Maine over the past several years, and has also handled transactions in Massachusetts where she is also licensed and in New Hampshire. Prior to joining Drummond Woodsum, Alix practiced for over 20 years at another Portland law firm.
Tags: Drummond WoodsumInternational legal practice Norton Rose Group has advised the Islamic Development Bank (IsDB) on the update of its US$6.5 billion Sukuk programme. A team from Dubai and London advised on updating the Trust Certificate Issuance Programme and a first drawdown under the updated programme. This included an issuance of US$800 million 1.357 per cent Trust Certificates due in 2019.
Tags: Norton Rose Fulbright | DubaiWiggin and Dana LLP advised AboveNet, Inc. in connection with its $2.2 billion acquisition by Zayo Group, LLC. The transaction closed on July 2, 2012.
Tags: Wiggin and Dana, LLP | New York